\nBanca Central\u0103 European\u0103 (BCE) ar trebui s\u0103 reduc\u0103 mai rapid ratele dob\u00e2nzilor pentru a impulsiona economia zonei euro, a declarat guvernatorul B\u0103ncii Italiei, Fabio Panetta. \u00centr-un discurs sus\u0163inut mar\u0163i la Milano, Panetta a criticat strategia BCE de a analiza politica monetar\u0103 \u201e\u015fedin\u0163\u0103 cu \u015fedin\u0163\u0103\u201d \u015fi a cerut adoptarea unei abord\u0103ri mai radicale, scrie Financial Times.<\/p>\n
\n\u201eCu infla\u0163ia aproape de \u0163inta stabilit\u0103 \u015fi cererea intern\u0103 stagnant\u0103, men\u0163inerea condi\u0163iilor monetare restrictive nu mai este justificat\u0103,\u201d a afirmat Panetta.<\/p>\n
\nGuvernatorul a subliniat riscul ca infla\u0163ia s\u0103 scad\u0103 semnificativ sub obiectivul de 2% al BCE, un scenariu care a redevenit o preocupare pentru unii oficiali \u00eencep\u00e2nd din var\u0103.<\/p>\n
\n\u00cen acest an, BCE a redus ratele dob\u00e2nzilor de trei ori, aduc\u00e2nd costurile de \u00eemprumut la 3,25%. Este de a\u015fteptat ca institu\u0163ia s\u0103 opereze o nou\u0103 reducere de un sfert de punct procentual \u00een decembrie, urm\u00e2nd ca dob\u00e2nzile s\u0103 scad\u0103 treptat \u00een 2024. Previziunile indic\u0103 o cobor\u00e2re a dob\u00e2nzii cheie de depozit la aproximativ 2% p\u00e2n\u0103 la mijlocul lui 2025, nivel considerat neutru, care nu stimuleaz\u0103 \u015fi nici nu \u00eencetine\u015fte activitatea economic\u0103.<\/p>\n
\nPanetta consider\u0103, \u00eens\u0103, c\u0103 acest ritm este insuficient. El a argumentat c\u0103 cererea intern\u0103 slab\u0103 \u015fi perspectivele pesimiste pentru comer\u0163ul global impun o normalizare mai rapid\u0103 a ratelor dob\u00e2nzilor.<\/p>\n
\n\u201eMen\u0163inerea unei politici monetare restrictive \u00een aceste condi\u0163ii ar fi o gre\u015feal\u0103. BCE trebuie s\u0103 adopte o pozi\u0163ie neutr\u0103,\u201d a subliniat Panetta, ad\u0103ug\u00e2nd c\u0103 \u201etendin\u0163a de \u00een\u0103sprire a politicii monetare nu mai este necesar\u0103.\u201d<\/p>\n
\nLuna trecut\u0103, BCE a recunoscut c\u0103 infla\u0163ia din zona euro scade mai rapid dec\u00e2t era prognozat. Institu\u0163ia estimeaz\u0103 acum c\u0103 \u0163inta de 2% va fi atins\u0103 anul viitor, mai devreme dec\u00e2t previziunile ini\u0163iale care vizau sf\u00e2r\u015fitul lui 2025. \u00cen septembrie, infla\u0163ia anual\u0103 a sc\u0103zut sub acest nivel pentru prima dat\u0103 \u00een peste trei ani, dar a revenit la 2% \u00een octombrie.<\/p>\n
\nPanetta a cerut BCE s\u0103 abandoneze abordarea actual\u0103, care se bazeaz\u0103 pe decizii luate de la o \u015fedin\u0163\u0103 la alta, f\u0103r\u0103 angajamente pe termen lung privind politica monetar\u0103. El a propus o revenire la o strategie tradi\u0163ional\u0103, orientat\u0103 spre viitor, pentru a reduce incertitudinile legate de direc\u0163ia ratelor dob\u00e2nzilor.<\/p>\n
\n\u00cen ultimii doi ani, BCE s-a concentrat pe semnalele economice pe termen scurt \u015fi pe indicatorii actuali de infla\u0163ie, \u00een detrimentul previziunilor privind tendin\u0163ele viitoare. Panetta a recunoscut c\u0103 aceast\u0103 abordare a fost justificat\u0103 \u00een contextul unui val de cerere de consum post-pandemie, al perturb\u0103rilor lan\u0163urilor de aprovizionare globale \u015fi al cre\u015fterii pre\u0163urilor la energie.<\/p>\n
\nAcum, \u00eens\u0103, Panetta consider\u0103 c\u0103 este momentul pentru o schimbare a direc\u0163iei, menit\u0103 s\u0103 stabilizeze economia zonei euro \u015fi s\u0103 reduc\u0103 incertitudinea politic\u0103 \u015fi economic\u0103.<\/p>\n","protected":false},"excerpt":{"rendered":"
Banca Central\u0103 European\u0103 (BCE) ar trebui s\u0103 reduc\u0103 mai rapid ratele dob\u00e2nzilor pentru a impulsiona economia zonei euro, a declarat guvernatorul B\u0103ncii Italiei, Fabio Panetta. \u00centr-un discurs sus\u0163inut mar\u0163i la Milano, Panetta a criticat strategia BCE de a analiza politica monetar\u0103 \u201e\u015fedin\u0163\u0103 cu \u015fedin\u0163\u0103\u201d \u015fi a cerut adoptarea unei abord\u0103ri mai radicale, scrie Financial Times. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[277,236,8830,187,12737,274,184,7507,34494,484,8316],"class_list":["post-231862","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-avertisment","tag-banca","tag-bce","tag-dobanzi","tag-guvernator","tag-incepere","tag-inflatie","tag-italia","tag-panetta","tag-probleme","tag-reducere"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/231862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=231862"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/231862\/revisions"}],"predecessor-version":[{"id":231884,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/231862\/revisions\/231884"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=231862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=231862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=231862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}